Intimation of Notice of Annual General Meeting (AGM)of the Company
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Automobile Corporation of Goa Limited (ACGL) has filed the notice for its 45th AGM, scheduled for Wednesday, July 2, 2025 at 3:00 PM via video conferencing. Key agenda items include adoption of FY25 audited financials and declaration of a final dividend of Rs. 20 per share (200% on face value of Rs. 10). Shareholders will also be asked to approve material related party transactions with Tata Motors Limited (aggregate up to Rs. 1,720.90 crore) and Tata Motors Body Solutions Limited (up to Rs. 56.40 crore) for FY26, appoint a secretarial auditor for 5 years, and authorize payment of commission to non-executive directors. The AGM notice accompanies the FY25 annual report, which highlights revenue from operations of Rs. 660.77 crore (up 13%) and profit after tax of Rs. 46.97 crore (up 25%), along with record bus sales of 7,265 units versus 6,511 units the previous year.
Shareholders stand to receive a Rs. 20 per share dividend, reflecting the company's strong FY25 results. The related party transactions with Tata Motors — ACGL's principal customer and associate company — are recurring in nature and shareholder approval is a regulatory formality rather than a change in business direction.